Gilbert Arizona home values by zip code. I retained this information from our local newspaper, and thought this could be valuable to not only those of you looking to buy a home in Gilbert, but also for those of you looking to sell.
NEW HOME SALES:
Gilbert Zip Code | Median Home Value 2009 | Percentage Change 2008-2009 | Percentage Change 2004-2009 |
85295 | $180,804 | -21.4% | -12.9% |
85296 | $251,140 | 11.6% | 48.8% |
85297 | $240,000 | -7.1% | 19.0% |
85298 | $244,268 | -22.9% | 11.9% |
As far as new home sales go, there was a loss in median price of all but one zip code between the year 2008 and 2009. However, in zip codes 85296, 85297, and 85298, there has been an increase in median home values since 2004. That's a pretty good sign that new homes in Gilbert are maintaining their value, and even increasing over the years.
NEW AND EXISTING HOMES:
Gilbert Zip Code | Overall Median Home value 2009 | Best year for price gains | Percentage Change 2008-2009 | Percentage Change 2004-2009 |
85233 | $187,000 | 2005 | -20.3% | -2.6% |
85234 | $189,000 | 2005 | -23.8% | -6.9% |
85295 | $182,500 | 2005 | -20.6% | -17.5% |
85296 | $188,000 | 2005 | -16.5% | -0.5% |
85297 | $212,808 | 2005 | -14.5% | 5.6% |
85298 | $249,085 | 2005 | -17.9% | 11.9% |
Another good sign that Gilbert is doing okay, all things considered, is that in zip codes 85297 and 85298, they have had an increase in median home value since 2004. Yes, they all had a decrease between 2008 and 2009, but the decrease experienced in Gilbert wasn't as much as other cities like Mesa, Glendale, and Phoenix, which all had percentage decreases over 40 percent in some of their zip codes. The overall median home values are still over $200,000 in zip codes 85297 and 85298 as well.
The Gilbert home values by zip code shows that Gilbert is doing much better than a lot of the other cities in Maricopa County. Hopefully this information is valuable to those of you looking to buy or sell in Gilbert.
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